A government aims to permanently lower the economy's natural rate of unemployment (NRUNRUNRU) by reducing both structural mismatch and frictional search delays in the labor market. Which of the following policy packages is most likely to achieve this objective?
Introducing stricter job-search requirements for welfare recipients alongside an increase in the real value of out-of-work benefits.
Providing tax credits to firms that relocate to economically depressed regions and funding a centralized digital labor-exchange platform.
Implementing a higher national statutory minimum wage and strengthening employment protection legislation to prevent redundant layoffs.
Raising the personal income tax allowance and increasing the legal powers of trade unions in collective bargaining agreements.
